REG - Transport For London - Transport for London Moody’s Credit Rating

Moody'sAnnouncement

22/10/2020 08:05

RNS Number : 8506C
  
Transport For London
  
22 October 2020
  
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
 
Transport for London (TfL)
 
22 October 2020
 
Transport for London Moody's Credit Rating
 
Transport for London ("TfL") announces that on 21 October 2020, Moody's Public Sector Europe ("Moody's") downgraded the long-term ratings for TfL to A1 from Aa3 and changed the outlook to negative.
 
The rating action concludes the rating under review for downgrade initiated by Moody's on 2 June 2020.
 
TfL's short-term issuer and Commercial Paper ratings were affirmed at P-1.
 
 
For further information, please contact:
Transport for London
5 Endeavour Square
London E20 1JN
 
Email: GroupTreasury@tfl.gov.uk
 

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